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      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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pensions tax relief

A Covid-19 tax relief raid could exacerbate generational pensions divide
A Covid-19 tax relief raid could exacerbate generational pensions divide

With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby

  • Defined Benefit
  • 18 September 2020
HMRC 'doesn't understand' impact of pensions tax relief, say MPs
HMRC 'doesn't understand' impact of pensions tax relief, say MPs

HM Revenue & Customs (HMRC) must evaluate the benefits that are provided by pensions tax relief, MPs have said amid concerns the tax office does not understand the impacts.

  • Industry
  • 20 July 2020
Chancellor should simplify 'hideously complex' pensions tax relief system
Chancellor should simplify 'hideously complex' pensions tax relief system

Lane Clark & Peacock (LCP) has suggested the chancellor should take advantage of a large parliamentary majority to introduce a fundamental reform to pensions tax relief to raise significant sums.

  • Industry
  • 28 February 2020
No industry consensus on scrapping high-rate tax relief
No industry consensus on scrapping high-rate tax relief

There was no industry consensus on the benefits and negatives of scrapping high-rate tax relief from this week’s 115 Pension Buzz peers in split results.

  • Industry
  • 28 February 2020
TPR's decision on professional trustees was right, say peers
TPR's decision on professional trustees was right, say peers

This week’s 89 Pensions Buzz respondents agreed with The Pensions Regulator’s decision to hold back from mandating the use of professional trustees.

  • Industry
  • 20 February 2020
Chancellor contemplates cuts to higher rate pensions tax relief
Chancellor contemplates cuts to higher rate pensions tax relief

Speculation is growing that chancellor Sajid Javid is seeking to raise revenue by cutting the tax relief on pension contributions for high earners from 40% to 20%.

  • Industry
  • 10 February 2020
Pensions tax relief to 'cost' government £40bn this year
Pensions tax relief to 'cost' government £40bn this year

The government will pay out £21bn in income tax relief for pension contributions this tax year, while national insurance relief payments will rise to £18.7bn, according to statistics from HM Revenue and Customs (HMRC).

  • Industry
  • 11 October 2019
Fix pensions tax before pushing patient capital investments
Fix pensions tax before pushing patient capital investments

With savers facing 100% of the potential downside of patient capital investment, as well as tax implications from the upside, Peter Glancy argues it is not the most enticing proposition.

  • Defined Contribution
  • 03 October 2019
Is the current pensions tax relief system fit for purpose?
Is the current pensions tax relief system fit for purpose?

The government must conduct a fundamental review of tax reliefs and allowances to reduce complexity and confusion, says Malcolm McLean

  • Industry
  • 06 September 2019
Demolishing the tax structure
Demolishing the tax structure

Any changes to pensions taxation must be deliberate, planned and controlled, with a clear end objective in mind, says Richard Butcher

  • Law and Regulation
  • 29 August 2019
Boris Johnson will create pension tax relief 'losers' with mooted income tax reforms
Boris Johnson will create pension tax relief 'losers' with mooted income tax reforms

Boris Johnson's mooted income tax reforms would create a double-edged sword whereby income tax winners would become pension tax relief losers, according to research by Aegon.

  • Law and Regulation
  • 27 August 2019
Boris Johnson vows to fix NHS pension tax issue if he wins leadership race
Boris Johnson vows to fix NHS pension tax issue if he wins leadership race

Conservative leadership contender Boris Johnson has promised to fix the pension tax relief rules that are causing senior doctors and highly-paid staff in the NHS to work fewer hours leading to longer waiting lists.

  • Defined Benefit
  • 09 July 2019
Employee tax relief receipts rise to £4.3bn; Freedom withdrawals pass £25bn
Employee tax relief receipts rise to £4.3bn; Freedom withdrawals pass £25bn

Members of occupational pension schemes claimed £4.3bn in pensions tax relief in 2017/18, as total relief climbed £1.1bn.

  • Defined Contribution
  • 30 April 2019
Bigger is not better when it comes to pension consulting, says industry
Bigger is not better when it comes to pension consulting, says industry

Bigger is not always better when it comes to pension consulting, last week's Pensions Buzz respondents said following Marsh & McLennan's $5.6bn acquisition of JLT.

  • Industry
  • 16 April 2019
GMP equalisation could land DB members with six figure tax bill
GMP equalisation could land DB members with six figure tax bill

More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.

  • Defined Benefit
  • 18 February 2019
Scottish Budget income tax decision widens pension tax relief gap
Scottish Budget income tax decision widens pension tax relief gap

Scottish higher-rate taxpayers will benefit from more pensions tax relief than workers on the same salary anywhere else in the UK as income tax bands continue to diverge.

  • Defined Contribution
  • 13 December 2018
Net pay issue to widen as AE lower earnings limit rise confirmed
Net pay issue to widen as AE lower earnings limit rise confirmed

Low earners in net-pay schemes will lose out on more pensions tax relief as the gap between auto-enrolment (AE) qualifying earnings and the personal tax allowance widens.

  • Defined Contribution
  • 04 December 2018
Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'
Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'

Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.

  • Defined Contribution
  • 29 October 2018
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories include Smart Pension and Legal & General revealing a prototype demo of their workplace retirement income product, combining drawdown and annuities.

  • Industry
  • 12 October 2018
HMRC 'looking at opportunities' to address net-pay tax anomaly
HMRC 'looking at opportunities' to address net-pay tax anomaly

The government is set to review an anomaly which sees lower-paid workers in the majority of master trusts lose out on tax relief, it has confirmed.

  • Law and Regulation
  • 10 October 2018
Industry is right to fear NHS raid on pensions tax relief in Budget
Industry is right to fear NHS raid on pensions tax relief in Budget

The government needs cash to fund the NHS. Jonathan Stapleton says pensions tax relief may prove to be an irresistible target.

  • Industry
  • 08 October 2018
Pensions tax relief faces cut as government seeks funding for NHS
Pensions tax relief faces cut as government seeks funding for NHS

Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.

  • Law and Regulation
  • 08 October 2018
Govt urged to take action on net pay anomaly as experts sign letter to chancellor
Govt urged to take action on net pay anomaly as experts sign letter to chancellor

Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.

  • Law and Regulation
  • 05 October 2018
Trustees should be proactive on DB transfers, says industry
Trustees should be proactive on DB transfers, says industry

Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.

  • Defined Benefit
  • 05 October 2018
12

Most read

Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
Pension Schemes Bill gets final approval and waits for Royal Assent
Pension Schemes Bill gets final approval and waits for Royal Assent
Boohoo acquisition of Debenhams leaves schemes with PPF
Boohoo acquisition of Debenhams leaves schemes with PPF
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
New TPR powers could lead to upsurge in clearance applications
New TPR powers could lead to upsurge in clearance applications
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